Investors may incur fees and charges upon the purchase, repurchase and holding of their investments in unit trust funds.
Charges Imposed on Sale and Repurchase of Units
Under the single pricing regime, buying and selling of units are quoted and transacted at a single price, which is at the NAV per unit of the Funds. Sales charges and repurchase charge (if any) that are to be levied on the purchase and sale of units by investors will not be incorporated in the quoted prices of the Funds. These charges will be computed and charged separately.
Making an Investment
Purchase of units by investors is transacted at the NAV per unit of the funds. Different fund attracts different sales charges. However, for investors investing under via EPF Members Investment Scheme, a sales charge of up to 3% will be levied (as regulated by EPF).
Illustration 1: Purchase of Units
Let us assume that on 1 June 2011, Investor A decides to invest RM10,000 in the Fund ABC. and that the NAV per unit of the Fund ABC is RM0.5000 and the sales charge levied is 6.00%.
Based on the above, Investor A will have 20,000.00 units credited into his investment account as shown below:
| Amount Invested | = | RM10,000 | = | 20,000 units |
| NAV per unit | RM0.5000 |
| Sales Charge per Unit |
= | NAV per unit x Sales Charges (%) |
| = | RM0.5000 x 6.00% | |
| = | RM0.0300 |
| Total Sales Charge incurred by Investor A |
= | Sales Charge per unit x Units credited into investor's account |
| = | RM0.0300 x 20,000.00 units | |
| = | RM600.00 |
| Following the above, | ||
| Total Amount Payable by Investor A | = | Amount invested in the Fund + Sales Charge incurred |
| = | RM10,000.00 + RM600.00 | |
| = | RM10,600.00 | |
Redeeming an Investment
Repurchase of units by investors is transacted at the NAV per unit of the Funds. The Manager does not impose a Repurchase Charge on the repurchase of units of the Funds by investors.
Illustration 2: Redemption of Units
Let us assume that on 1 June 2011, Investor B decides to redeem 20,000.00 units of Fund ABC and that the NAV per unit of the Fund is RM0.5000 and no Repurchase Charge is levied.
| Based on the above, | ||
| Amount Redeemed from Fund ABC | = | Units redeemed x NAV per unit |
| = | 20,000.00 units x RM0.5000 | |
| = | RM10,000.00 | |
| Repurchase Charge per Unit |
= | NAV per unit x Repurchase Charges (%) |
| = | RM0.5000 x 0.00% | |
| = | Nil |
| Total Repurchase Charge incurred by Investor B |
= | Repurchase Charge per Unit x Units Redeemed |
| = | RM0.0000 x 20,000.00 units | |
| = | RM0.00 |
| Following the above, | ||
| Total Amount Payable to Investor B | = | Amount redeemed from the Fund - Repurchase Charge incurred |
| = | RM10,000.00 - RM0.00 | |
| = | RM10,000.00 | |
Fees and Expenses of the Funds
Operating a fund involves a variety of expenses for portfolio management, the Manager's fee, Trustee and custody cost, audit and tax agent fees, administrative charges like printing of annual reports, postage and other services properly incurred in the administration of the Fund. These costs are paid out of the Fund's assets.
The following describes the fees that you may indirectly incur when you invest in the Fund
(a) Management Fee
The fee to which the Manager is entitled per annum, calculated and accrued daily and payable monthly to the Manager.
(b) Trustee/Custody Fee
The fee to which the Trustee/Custody is entitled per annum, calculated and accrued daily and payable monthly to the Trustee/Custody.
| Sales Charge per Unit | Repurchase Charge | Management Fee | Trustee Fee | Transfer Fee | Switching Fee | |
| Affin Equity Fund | Direct: Up to 5% NAV per unit IUTA: Up to 5% NAV per unit EPF Members Investment Scheme: Up to 3% NAV per unit |
Nil | Up to 1.50% p.a. of NAV | Up to 0.08% p.a. of NAV | Nil | Nil |
| Dana Islamiah Affin | Direct: Up to 5% NAV per unit IUTA: Up to 5% NAV per unit EPF Members Investment Scheme: Up to 3% NAV per unit |
Nil | Up to 1.50% p.a. of NAV | Up to 0.08% p.a. of NAV | Nil | Nil |
| Affin Capital Fund | Direct: Up to 1% NAV per unit IUTA: Up to 1% NAV per unit EPF Members Investment Scheme: Up to 3% NAV per unit |
Nil | Up to 1.50% p.a. of NAV | Up to 0.08% p.a. of NAV | Nil | Nil |
| Affin Islamic Equity Fund | Direct: Up to 5% NAV per unit IUTA: Up to 5% NAV per unit EPF Members Investment Scheme: Up to 3% NAV per unit |
Nil | Up to 1.50% p.a. of NAV | Up to 0.08% p.a. of NAV, subject to a minimum of RM18,000 p.a. | Nil | Nil |
| Affin Islamic Money Market Fund | Nil | Nil | Up to 0.50% p.a. of NAV | Up to 0.08% p.a. of NAV, subject to a minimum of RM18,000 p.a. | Nil | Nil |
| Affin Select Growth Fund | Direct: Up to 5% NAV per unit IUTA: Up to 5% NAV per unit |
Nil | Up to 1.50% p.a. of NAV | Up to 0.08% p.a. of NAV, subject to a minimum of RM18,000 p.a. | Nil | Nil |
| Affin Tactical Fund | Direct: Up to 4% NAV per unit IUTA: Up to 4% NAV per unit |
Nil | Up to 1.50% p.a. of NAV | Up to 0.08% p.a. of NAV | Nil | Nil |
| Affin Quantum Fund | Direct: Up to 5% NAV per unit IUTA: Up to 5% NAV per unit |
Nil | Up to 1.50% p.a. of NAV | Up to 0.08% p.a. of NAV, subject to a minimum of RM18,000 p.a. | Nil | Nil |
